GREY:CRXPF - Post by User
Comment by
Irie99on Jan 14, 2019 5:37pm
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Post# 29230319
RE:RE:RE:Any guesses on how the CGC hemp news will affect CROP?
RE:RE:RE:Any guesses on how the CGC hemp news will affect CROP?The fact that CROP has a three year offtake agreement for 1.5 mil pounds at a predetermined price means they have guaranteed revenue in the hemp space even as new competitors come online. Building the one ton extraction facility is another value creator. The low cost thc greenhouses and Nevada outdoor thc provide additional relatively predictable, profitable revenue streams.
I like the diversification as a hedge against market forces, namely commodity price fluctuations.